7994 US Highway 51 North - Drug Store FOR SALE
Millington, TN 38053 |
7994 US Highway 51 North
Millington, TN 38053
HIGHLIGHTS
- Walgreens Co. - Investment Grade Credit - Absolute Triple-Net (NNN) Lease - Zero Landlord Responsibilities
- Strong Reported Sales – Walgreens is reporting $3,000,000 in Annual Sales | Ideal 9.4% Rent To Sales Ratio
- Early Lease Extension Candidate Due to Store Performance | Potential to Increase Value Post Close
- This Walgreens Ranks in Top 24% Nationally & Top 29% in Tennessee (Placer.ai) | Across from Kroger Anchored Shipping Center (1.7 M Visitors Annually)
- Hard Corner Signalized Intersection - Located Along US Hwy 51 | Prime Retail Trade Area
- Income Tax-Free State - Memphis MSA - Naval Support Activity (NSA) Mid-South Base - Surrounded by Over $300M in New Development Projects
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14560
STORIES
1
YEAR BUILT
2003
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
M0-115-0-0920
